In a recent feature for the Detroit Free Press, John Gallagher reminds us that "it takes more than a clever idea or catchy product to make a go of a small business in Detroit." Highlighting three stalwart businesses – Russell Street Deli in Eastern Market, Lovio-George in Midtown, and White Construction in New Center – Gallagher points out the challenges to being an entrepreneur in Detroit.
Despite operating in different sectors, each of the featured business struggled in the years following the economic downturn of 2008, experiencing declining revenues that made them reconfigure their operations. Owners also site challenges unique to the city, such as higher taxes and increased competition.
"These firms show that running a small business in Detroit requires both smarts and stamina – and can offer lessons for those hoping to start their own firms," writes Gallagher.
Read more in the
Detroit Free Press.